Bank stock prices and earnings in opposite directions
Although their business performance has remained impressive, bank stock prices have plummeted on the stock market. The stock market has turned bearish and the banking system has been struggling with unfavorable market conditions. Impressive profit growth The Q3 earnings season is almost over, with
Affordable housing still hard to find
Optimism rose among urban dwellers early this year as several medium and large-sized businesses revealed plans to build affordable housing projects. However, given a year-end market contraction, the initiative only serves as a starting point for a broader movement in the industry, aiming to seek
Corporate investors take a blow
Non-core investment is never easy, especially in stocks. If one is not prudent enough to take profit and pull out of the market before it slumps, individual and institutional investors with a powerful analytical team can taste the bitter fruits. The blow As per the financial statement of SAM
The situation is now different
The State Bank of Vietnam’s (SBV) recent decisions to hike key interest rates, widen the trading band of the Vietnamese dong, and actively engage in open market operations have significantly contributed to ensuring macroeconomic stability and easing inflationary pressure The effectiveness of
Is it time for REITs?
Real Estate Investment Trusts (REIT) were established in Vietnam’s assets legal system in 2012. However, questions remain behind their unpopularity among investors in the domestic market. Real estate investment has recently stalled as credit growth limits have reduced banks’ loan access.
Policy space for forex control
With pressure on the local currency still lingering, while resources and vehicles required to stabilize the forex rate are being exhausted, a big question arises over whether the monetary regulator still wields any policy space for forex control in the coming time Increasing pressure Since October
Enterprises fret over economic turbulence
The exchange rate and market volatility, alongside inflation, have been challenging many enterprises in Vietnam regarding domestic consumption and import-export management. A plunge of consumption In early October, Chu Thi Hong Lieu, a small delicacy trader, said that consumption dropped by
Banks’ optimistic quarterly growth
Bank stocks continue to lag despite lenders posting positive profit growth. A bright picture The National Citizen Commercial Joint Stock Bank (NCB) reported a before-tax loss of VND199 billion in the third quarter, while it earned VND80 billion in the same period last year. The loss resulted from
Wise moves needed
The bond market has continued deteriorating since leaders of Tan Hoang Minh Group and Van Thinh Phat Holdings Group Corporation were detained Bond issues plunge Attention has centered on the corporate bond market lately as buyers were concerned over the liquidity of the bonds they bought.
Hard choice for logistics hub dream
Both the North Van Phong area in the coastal province of Khanh Hoa and the Chu Lai Airport in the central province of Quang Nam have ample opportunities to build world-class logistics hubs. However, questions remain as to whether regional development strategies should be focused solely on
Why a wider trading band
The State Bank of Vietnam (SBV) on October 17, 2022 widened the trading band of the Vietnamese dong currency from 3% to 5% on either side of the central exchange rate, with immediate effect, amidst interest rate hikes by central banks around the world Another factor behind the scenes, however, was
A forex policy that can work
It is probably high time for Vietnam to embrace a more flexible forex policy, possibly a measured floating scheme similar to the approach taken by regional countries in the aftermath of the 1997-1998 financial crisis. Current forex policy In the past, reality in Vietnam showed that the currency